There is always the possibility of making big profits in the cryptocurrency world. However, this requires a certain level of risk taking and market awareness. According to Lookonchain, three investors using the names 0x778c, 0x2af8 and cryptopolitan.eth made millions of dollars by investing early in two popular meme coins, SHIB and PEPE. All three of the highlighted smart money addresses made millions by investing in PEPE and Shiba Inu during the bull run of both assets. Here are the details…
Became millionaires with PEPE and SHIB
On-chain surveillance resource Lookonchain pointed out three smart money addresses that made millions in profits by investing in Shiba Inu (SHIB) and PEPE just before the bull run of both assets. Lookonchain urged investors to keep an eye on these whales. Smart money whales are knowledgeable about market trends and experienced in trading. These investors are considered investors with a history of successful investment decisions proven by on-chain data. Market watchers usually keep these addresses under close surveillance.
2/ Address: https://t.co/6RH2Rl0xrE
0x778c started buying $SHIB on Feb 2, 2021.
He totally bought 1.31T $SHIB with $13.5K and sold for $5.81M, the profit is ~$5.8M. pic.twitter.com/JblrVFuj2w
— Lookonchain (@lookonchain) May 6, 2023
These three addresses highlighted by Lookonchain fit that description. Data from Etherscan shows that the first address bought SHIB at $13.5k at $1.31 trillion in February 2021, with SHIB trading at $0.00000001. Address sold the tokens for $5.81 million amid the bull run. Thus, it made a profit of over $5.8 million.
The same address began sourcing PEPE on April 17, before the excitement surrounding the asset gained momentum. It then bought PEPE for a total of 396.7 billion at $9,815. Address sold 116.8 billion tokens from PEPE holdings for $392k. It currently holds 280 billion PEPE and has a profit of $1.18 million.
An address that is not “smart money” also made millions of dollars in profit
The second address started sourcing Shiba Inu as early as April 2021. SHIB made a profit of $3.84 million from its investment. This address started buying PEPE on April 19 of this year. It bought 558.5 billion PEPE for $286 thousand. It currently has $1.34 million unrealized profit from PEPE. The third address with the name “cryptopolitan.eth” acquired SHIB at the same time as the first address in February 2021. It made a profit of $2.45 million from the investment. This address started buying PEPE on April 19 and bought 340 billion PEPE for $103k. PEPE made a profit of $695,000 on its investment.
On the other hand, as Cryptokoin.com previously reported, an investor known as dimethyltryptamine.eth invested only $263 to acquire trillions of PEPE tokens just three weeks ago. Since then, the value of the tokens has skyrocketed, making a profit of $3.8 million after selling some of their holdings. Remarkably, dimethyltryptamine.eth still holds around $9 million worth of assets. This represents a profit of almost 5,000,000 percent.
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